Heather's Bucks County Real Estate Blog: January 2009

 

We saw an increase in the Months Supply of Inventory from our November numbers of 14.7 months supply of inventory.  As of December, we currently have 16.2 months supply of inventory of single family homes, an increase of 76% over two years.

What does this mean to Sellers in Bucks County?   

Well, what it doesn't mean is that you'll never be able to sell your home in this market.  Homes sell every day, and not all of them are distressed, well-under-market, deal-of-the-century sales.  There are plenty of people selling their homes at market value, and moving forward with their lives in a reasonable amount of time.

It does mean that you need to know what you're doing in this market.  I'll repeat some advice I gave in November when I presented the October 2008 Months Supply of Inventory:

In order: get it staged, price it right, market the hell out of it.

Want to talk some more, or see the statistics for your local municipality?  Shoot me an email, and I'll send it right out to you.

As promised, here's the first look at my FABULOUS new listing in the Eagle Ridge development in Newtown Township / Council Rock School District!

Pretty great looking, isn't it?

Price / Condition / Location - this home is a triple threat!

We're going to start off the showings at my

Open house on January 25th from 1-3 p.m.

I've got professional pictures and a 360 degree virtual tour coming in the next day or so, and I'll be continually updating our website.  I've even figured out how to post a photo tour on youtube, so watch for that, as well.

Want more information, like floorplans, Seller's Disclosure, Home Owners' Association rules, taxes, or room sizes? Go visit our website!

 

www.112FairOaks.com

In the meantime, here are some sneak peeks at this great 2 bedroom, 1.5 bath home.  I've also included the google map of the home so that you can see just how close you'd be to Historic Newtown Borough and major roadways for an easy commute. 

    

 

 

 

View Larger Map

Bucks County Buyers are coming out of hibernation, and they're motivated and looking for the deals. 

 

Ok, this is purely a non-scientific observation.  In the past week, my personal client base has blossomed.  I'm now working with three serious Buyers who weren't looking last week.  I feel energized, and excited, and I'm thrilled to be on the hunt again.

 

 

The New Year brings about more than resolutions, starvation diets, and gym memberships.  The holidays are over, people are doing their taxes, examining what they want for the coming year, and are motivated to make changes in their lives.  On top of this, the lure of low interest rates, tax refunds, lower prices, and more inventory only sweetens the deal for Buyers in this marketplace.

I've always used Superbowl Sunday (Go Iggles! :) as my personal benchmark for when our selling season starts to heat up.  It's when I feel the energy of the market pick up, and usually see an increase in my business.  I was concerned that this year might be different. 

It doesn't look like it.  Although 2008 was a difficult year for many, it was my second best year in the business.  Early indicators look like 2009 may follow suit.

There is value in this marketplace, and Buyers are looking to take advantage of that.